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SpaceChain Sends Ethereum Cryptocurrency Tech into Space

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SpaceChain has efficiently despatched a blockchain-enabled payload into house on Thursday aboard a SpaceX Falcon 9 rocket launched from NASA‘s Kennedy House Middle.

SpaceChain will conduct the primary demonstration of Ethereum cryptocurrency expertise integration when the payload is put in at its vacation spot — the Worldwide House Station (ISS). This milestone follows SpaceChain’s in-space demonstration of Bitcoin technology back in 2019.

As soon as put in, examined and activated, SpaceChain will enable prospects to make use of the payload for enterprise enterprise transactions and fintech purposes. Nexus Inc., a digital asset administration agency with workplaces in Melbourne, Dubai, Kuala Lumpur, and Singapore, would be the first SpaceChain buyer to have direct entry to the blockchain service.

“We’re thrilled in bringing the Ethereum platform to house and validating why a decentralized satellite tv for pc infrastructure created with house applied sciences is important to realizing the total potential of blockchain purposes,” mentioned SpaceChain Co-Founder and CEO Zee Zheng. “We launched a payload for bitcoin again in 2019 and as we speak we’re launching our second-generation payload with Ethereum. Bitcoin and Ethereum characterize the 2 greatest ecosystems within the blockchain business. With Ethereum’s sensible contract platform operating in outer house, it permits us to fortify blockchain purposes and transactions with enhanced safety and immutability, and permits extra customers and builders to become involved with our expertise.”

 


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